Daily Analysis Report - July 03, 2020

1. What Chart Says, Today?
July 03, 2020
Bharat Pandya – info@fxprofitmanager.com

2. Eye On Fundamentals

3. Headlines
• Australia AIG construcon index stands at 35.5 vs 24.9 previous released.
• U.K. GFK consumer confidence stands at -27 vs -30 previous released
(expected -29).
• Australia retail sales stands at 16.9 pct vs 16.3 pct previous released
(expected 16.3).
• China Caixin services PMI stands at 58.4 vs 55.0 previous released
(expected 53.8).
• US banks will be closed in observance of Independence Day.

4. Economic Data Ahead
• (0245 ET/0645 GMT) France budget balance, previous -92.1B.
• (0315 ET/0715 GMT) Spain services PMI, previous 27.9, expected 46.0.
• (0345 ET/0745 GMT) Italy Services PMI, previous 28.9, expected 46.9.
• (0350 ET/0750 GMT) France services PMI, previous 50.3, expected 50.3.
• (0355 ET/0755 GMT) Germany manufacturing PMI, previous 45.8, expected
45.8.
• (0400 ET/0800 GMT) Euro Final services PMI, previous 47.3, expected 47.3.
• (0430 Et/0830 GMT) UK services PMI, previous 47.0, expected 47.0.

5. Economic Event Ahead
• No key events scheduled for the day

6. TECHNICAL AALYSIS

7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for July 03, 2020
• This is a broader picture how things may move as per Charts.
• Traders are advised to have a close look on fundamental events
during the day.
• Due to High volatility, keep your SL & TP to manage RISK:REWARD
Ratio
• Trade Less…Trade On Perfect Levels….

8. XAUUSD (H1 Chart)

9. XAUUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1770.00
R1 1778.34 S1 1761.66
R2 1783.50 S2 1756.50
R3 1791.84 S3 1748.16
CONCLUSION
Buy Above 1778.77 Take Profit 1782.82 Stop Loss 1768.94
Sell Below 1768.94 Take Profit 1763.64 Stop Loss 1778.77

10. AUDUSD (H1 Chart)

11. AUDUSD Day Forecasting
INDICATOR H1 CHART
TREND Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 0.69239
R1 0.69433 S1 0.69045
R2 0.69553 S2 0.68925
R3 0.69747 S3 0.68731
CONCLUSION
Buy Above 0.69431 Take Profit 0.69629 Stop Loss 0.68893
Sell Below 0.68893 Take Profit 0.68702 Stop Loss 0.69431

12. EURUSD (H1 Chart)

13. EURUSD Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.12546
R1 1.12849 S1 1.12243
R2 1.13036 S2 1.12056
R3 1.13339 S3 1.11753
CONCLUSION
Buy Above 1.12718 Take Profit 1.12916 Stop Loss 1.12030
Sell Below 1.12030 Take Profit 1.11832 Stop Loss 1.12718

14. GBPUSD (H1 Chart)

15. GBPUSD Day Forecasting
INDICATOR H1 CHART
TREND Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RIS LEVEL 50
FIBONACCI PIVOT 1.24839
R1 1.25121 S1 1.24557
R2 1.25295 S2 1.24383
R3 1.25577 S3 1.24101
CONCLUSION
Buy Above 1.25320 Take Profit 1.25682 Stop Loss 1.24087
Sell Below 1.24087 Take Profit 1.23616 Stop Loss 1.25320

16. USDCAD (H1 Chart)

17. USDCAD Day Forecasting
INDICATOR H1 CHART
TREND Below MA
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 1.35823
R1 1.36067 S1 1.35579
R2 1.36219 S2 1.35427
R3 1.36463 S3 1.35183
CONCLUSION
Buy Above 1.36102 Take Profit 1.36332 Stop Loss 1.35417
Sell Below 1.35417 Take Profit 1.35215 Stop Loss 1.36102

18. USDJPY (H1 Chart)

19. USDJPY Day Forecasting
INDICATOR H1 CHART
TREND Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RIS LEVEL 50
FIBONACCI PIVOT 107.511
R1 107.660 S1 107.362
R2 107.752 S2 107.270
R3 107.901 S3 107.121
CONCLUSION
Buy Above 107.777 Take Profit 107.958 Stop Loss 107.351
Sell Below 107.351 Take Profit 107.138 Stop Loss 107.777

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